Technology News
Technology stock news including AI, semiconductors, cloud computing, and software. Coverage of Big Tech earnings, product launches, and sector trends.
Accenture Stock Rebounds Amid AI Adoption Hurdles
Accenture shares closed at $179.24, up 6.17% for the week, but remain down 32.23% in 2026. AI-driven growth faces budget and adoption challenges.
Coherent Stock Nears $378; Key Test After Holiday
Coherent shares ended Friday at $377.57, down 0.1%, underperforming the broader market ahead of Memorial Day. The stock faces a key test Tuesday.
Intuit Cuts 3,000 Jobs, Shifts Focus to AI Amid TurboTax Competition
Intuit is cutting 3,000 jobs and closing offices in Reno and Woodland Hills as it restructures around AI. The company raised full-year revenue guidance but lowered its TurboTax outlook due to competition from cheaper AI tools.
AXT Shares Surge to All-Time High on AI Data Center Demand
AXT shares closed at a record $140.83 on Friday, gaining 16.37% for the day and 13.8% for the week, fueled by demand for indium phosphide in AI data centers.
Harmonic Inc. Surges 20% on Raised Forecast, Video Unit Sale Progress
Harmonic Inc. shares soared nearly 20% Friday to $15.20 after the company raised its 2026 broadband revenue outlook and reported strong Q1 results.
Hyliion Stock Surges 43% on Navy Sea-Trial News
Hyliion shares surged 43% on news that its KARNO generator will be tested on a Navy unmanned vessel, with volume hitting 20 million shares.
QTREX Quantum Surges 140% After Ticker Change Amid Partner Talks
QTREX Quantum shares surged 140% Friday after revealing joint technical evaluation talks with a leading quantum computing company. The stock closed at $0.7270.
BlackBerry Surges 19% on FedRAMP Recertification; Key Levels Ahead
BlackBerry shares surged 18.95% to $7.91 on Friday after FedRAMP recertified its AtHoc platform, marking a 28% weekly gain and a 52-week high.
AXT Shares Surge to Record High on AI Optical Networking Demand
AXT shares surged 16.37% to $140.83, hitting a 52-week high, driven by AI optical networking demand and a $100M InP backlog.
Micron Stock Slips as DRAM Production Milestone Highlights AI Demand
Micron shares dipped 1.46% to $751.00 Friday after the company began 1-alpha DRAM production in Virginia, a move to boost U.S. semiconductor supply amid volatile memory-chip trade.
POET shares slip despite $400M AI optics funding, dilution fears linger
POET Technologies shares fell 1.55% to $14.59 despite closing a $400M private placement, as dilution worries weighed on the stock.
Joby Aviation Rises 5% as Air-Taxi Milestone Nears
Joby Aviation (JOBY) shares closed up 5% at $10.92 on Friday, driven by optimism around its air-taxi timeline and regulatory progress.